The Databricks IPO Watch

Plummeting software stocks aren’t good news for any company with a big enterprise business that is considering going public. Nonetheless, there’s a growing consensus that 12-year-old Databricks—whose initial public offering has been chatted about for years—could take the step by the end of this year, according to several investment bankers and investors in the company who have spoken to its executives recently. 

This may be wishful thinking, given that talk of a Databricks IPO stretches back to at least 2021—and the company remains private, most recently fetching a $134 billion valuation. But investors and bankers are taking cues from Databricks executives themselves, who have told them in recent months they are ready for an IPO and seem to have softened their tone about staying private for much longer.